HomeMarketsTechnical Analysis'Choppy Open:' Mag 7 Drag Post-PPI, Bitcoin Hovers Near All-Time High

'Choppy Open:' Mag 7 Drag Post-PPI, Bitcoin Hovers Near All-Time High

The NDX flipped into negative territory after the opening bell as equities struggled to catch a bid, even though futures traded higher after this morning's soft PPI print. Alex Coffey turns to SPX options and highlights levels investors should keep on their radar for the trading session. As Bitcoin trades just off all-time highs, Alex adds that investors are seeking to hold the crypto directly without a middle man between them.

Morning Trade Live

16 Jul 2025

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